Autodesk Estimates Revenues and Earnings Per Share for Third Quarter.SAN RAFAEL San Rafael (săn rəfĕl`), residential city (1990 pop. 48,404), seat of Marin co., W Calif., a suburb of San Francisco on the northern shore of San Francisco Bay; inc. 1913. , Calif.--(BUSINESS WIRE)--Nov. 6, 1995--Autodesk, Inc., today stated that net revenues for the Company's third quarter ended Oct. 31, 1995, will be approximately $127 to $128 million. Earnings per share will likely be between $0.37 and $0.39. "These figures are disappointing to all of us," said Carol Bartz, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Autodesk customers are faced with a transition in our product line as well as a significant technology shift in operating environments as many move from DOS and Microsoft Windows to either Windows NT or Win95. These simultaneous moves have impacted our business this quarter." The Company also reiterated its commitment to its ongoing share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. program. Autodesk will host a conference call today at 9 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy to discuss these preliminary results. Final financial results for the third quarter will be announced on Nov. 16, 1995. Autodesk is the world's leading supplier of PC and UNIX-based design software and PC multimedia tools. The company's 2D and 3D products and data management tools are used in many industries for architectural design, mechanical design, film-making, videography vid·e·og·ra·phy n. The art or practice of using a video camera. vid  e·og and geographic information systems. The fourth largest PC software company in the world, Autodesk has three million customers in 118 countries. Autodesk products are sold through Autodesk Systems Centers, dealers and distributors worldwide. For more information on Autodesk, please call 415/507-5000, type GO ADESK on CompuServe, or log-in with a World Wide Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. at http://www.autodesk.com. -0- Note to Editors: Autodesk and the Autodesk logo are registered trademarks of Autodesk. All other brand names, product names or trademarks belong to their respective holders. CONTACT: Autodesk, Inc. Christine Tsingos, 415/507-6704 |
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